budget cuts and new revenues. joel brown is in washington with the latest on this. good morning, joel. >> betty, good morning. in this week's long battle over raising the debt limit, optimism has been hard to come by. that seemed to change yesterday, at least in the senate. we saw some republicans, some democrats, some conservatives, some liberals, coalescing around a bipartisan deal. >> it's time to get down to the business of actually solving this problem and i think we now are seeing the potential for a bipartisan consensus. >> reporter: president obama may invite congressional leaders back to the white house, now that there's a new bipartisan plan on the table, a group of senators known as the gang of six unveiled the proposal tuesday. it trims about $4 trillion from the deficit over the next decade, with $500 billion cut immediately. the proposal also includes new tax revenues and cuts to medicare and medicaid. the plan stands a better chance in a tea party backed measure in the house. >> the bill is passed.